BTC - Is a 55-50k Retest on the Cards?
https://www.tradingview.com/chart/Fw2qi5Qc/
We are in for some interesting times over the next few weeks as we follow actions of the large Holders.
What traps are in place to accumulate at discount levels and can we expect to see a further retracement to the 40k mark if we see a large push through the 55k - 50k level ?
Since the adoption of BTC from larger firms and banks we can clearly see a notable increase in price volatility. We can now expect to see larger sweeps and liquidations at key levels so it's important to take note of a potential push further into the 50k price range and below.
After the large Liquidation on the 5th we should expect to see most retail traders holding off and waiting for a move from bigger players so don't be fooled by a fake out. We may see another push lower toward that 55k mark if not down to the 50k mark.
We are in for some interesting times over the next few weeks as we follow actions of the large Holders.
What traps are in place to accumulate at discount levels and can we expect to see a further retracement to the 40k mark if we see a large push through the 55k - 50k level ?
Since the adoption of BTC from larger firms and banks we can clearly see a notable increase in price volatility. We can now expect to see larger sweeps and liquidations at key levels so it's important to take note of a potential push further into the 50k price range and below.
After the large Liquidation on the 5th we should expect to see most retail traders holding off and waiting for a move from bigger players so don't be fooled by a fake out. We may see another push lower toward that 55k mark if not down to the 50k mark.
Note
What is the consensus? I'm staying long but will stay vigilant and patient around key levels ad I expect to see further bearish fake outs and large wallet Discount Buying. 
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